CSG Limited (CSV)

Shares in the IT services provider hit their lowest since April 2009, prompting a price query from the Australian Securities Exchange and a brief trading halt. The stock has fallen more than 30 per cent in 2010 and CSG has confirmed its half-year result will increase by more than 15 per cent due to the contributions of its two acquisitions. On Tuesday, the NSW Supreme Court ruled that Fuji Xerox Australia validly terminated two dealer agreements with
CSG
. CSG will appeal against the decision, and is still a dealer of Fuji Xerox in Darwin and a servicer of both Fuji Xerox and Canon products in metropolitan Australia, while it still sells the latter. Wednesday marked the resignation of director Andrew Kroger, who had been on the board since 2007. The company recently issued new ordinary shares as incentive options, mildly diluting existing shareholders. Analysts are split between “buy" and “hold" recommendations, with an average target price of $2.34.